My wife and I are getting closer to an exchange on a house in Winslow and my parents have sent the ten percent deposit to my property lawyer. I am now informed that as the deposit has not come from me my solicitor needs to make a notification to my lender. I am advised that, in also acting for the lender he must inform them that the balance of the purchase price is not just from me. I disclosed to the lender about my parents' contribution when I applied for the mortgage, so is it really appropriate for him to raise this?
The solicitor is legally required to check with mortgage company to make sure that they understand that the balance of the purchase price is not from your own funds. The solicitor can only reveal this to your bank if you agree, failing which, your lawyer must cease to continue acting.
Can I use your services to find a Conveyancing solicitor in Winslow even where I’m not buying or disposing of a house, for example if I wish to acquire a shop in Winslow with a mortgage from Aldermore?
Our comparison service is predominantly there to get a quote from residential conveyancing solicitors in Winslow but we have set out towards the bottom of this page a few Winslow commercial conveyancing firms. You should make contact with the company directly to check if they are also authorised to represent Aldermore
There are a variety of conveyancing solicitors in Winslow but how do I know who I should use?
We would encourage you not to go for the cheapest Winslow conveyancing quote. You really do get what you’re paying for when it comes to conveyancing solicitors. A cheap quote may mean that the conveyancing solicitor is handling a lot of jobs at one time and you won’t get the quality of service and the attention that you need. It is, however, wise to use a conveyancer who has a fixed fee on a no sale, no fee basis. This way, you know exactly what you’ll have to pay in ahead of the deal.
Do I find a Licenced Conveyancer or Solicitor for conveyancing in Winslow?
There are two types of lawyers who can perform conveyancing in Winslow namely CLC regulated conveyancers or solicitors. Both professionals provide conveyancing services that you need to complete the sale or acquisition of property. Both are duty bound to conduct Winslow conveyancing on similar quality and guidelines so you can be sure that your conveyancing will be professionally carried out and that all necessary procedures will be accurately taken.
I have a mortgage with Santander for my property in Winslow. Conveyancing was finalised 12 months ago. In the event that I decide to rent out the flat and do not currently have a buy-to-let mortgage do I need to remortgage to a BTL mortgage or inform Santander?
Santander must be informed of your intention prior to renting your property as this is likely to be a breach of Santander’s mortgage conditions. It may be that Santander will permit you to let out your former home without needing to switch to a buy-to-let mortgage but some lenders will add a surcharge to your mortgage rate to reflect the higher risk. You should contact Santander directly. You need not do this via a Santander conveyancing panel solicitor.
I have justbecome aware that Action Conveyancing have closed. They conducted my conveyancing in Winslow for a purchase of a leasehold apartment 9 months ago. How can I be sure that my home is registered correctly in the name of the previous owner?
The quickest way to see if the property is registered to you, you can make a search of the land registry (£3.00). You can either do this yourself or ask a law firm to do this for you. If you are not registered you can seek help from one of a number of Winslow conveyancing specialists.
Over the last few months I have been searching for a flat up to £305k and identified one close by in Winslow I like with open areas and railway links nearby, the downside is that it only has 49 years on the lease. I can't really find anything else in Winslow for this price, so just wondered if I would be making a mistake buying a short lease?
Should you need a home loan the shortness of the lease may be problematic. Discount the offer by the anticipated lease extension will cost if not already taken into account. If the existing owner has owned the property for at least twenty four months you could request that they start the process of the extension and then assign it to you. You can add 90 years to the current lease and have £0 ground rent by law. You should speak to your conveyancing solicitor about this.
I have been sourcing a conveyancing practitioner in Winslow for my house move. Is there any facility to check a solicitor's complaints history with the legal regulator?
You may find documented Solicitor Regulator Association (SRA) determinations arising from inquisitions started on or after Jan 2008. Visit Check a solicitor's record. For information about the period before 1 January 2008, or to check a solicitors record, telephone 0870 606 2555, 08.00 - 18.00 any week day save for Tuesday when lines open at 9.30am. International callers, dial +44 (0)121 329 6800. The SRA sometimes recorded call for training purposes.